Interest subsidised 100% from the budget of the Ministry of Public Finance until 31 December 2020

No fees charged by the Bank

Option to use the Internet Banking and Mobile Banking services for viewing the loan status (balance, instalments, maturity date), but also the current operations (payments, deposits)

Intended use of the loan: financing investment projects carried out by the eligible Beneficiaries within the IMM INVEST Governmental Programme.

The drawings from the loan may not be used for:
- refinancing other on-going loans of the Programme Beneficiary;
- implementing projects financed from State aids/European funds.

The financing granted within the Programme can be granted only in LEI.

Loan value: maximum 85% of the investment projects, up to Lei 10,000,000, not exceeding the threshold represented by the highest level of one of the following conditions:
- double the amount representing salary expenses, including mandatory social contributions due by the employer related to income from salaries and similar income, recorded at the level of 2019. In case of companies incorporated after 1st of January 2019, the maximum amount of the loan may not exceed the amount estimated for the first 2 years of activity;
or
- 25% of the Beneficiary’s net turnover in 2019, namely the gross income or annual income standard for self-employed individuals, as the case may be, according to the Single Tax and Social Contributions Return of natural persons filed with the competent tax authorities for 2019;
or
- a value resulting from its cash needs; these may include both working capital costs and investment costs, provided that the Beneficiary submits supporting documents, in which case the loan amount may not exceed the cash needs at the time of granting of the loan for the next 18 months.

The maximum aggregated value of sovereign loan (investment and working capital loans) that can be granted to a Beneficiary within the Programme may not exceed Lei 10,000,000, up to the highest value of those mentioned in the three conditions shown above.

Own contribution: minimum 15% of the value of the investment

Loan term: maximum 72 months.

Grace period: maximum 18 months

Securities:
- maximum 80% FNGCIMM guarantee of the financing amount, exclusive of bank interests, fees and charges related to the secured loan;
- statutory real estate mortgage and/or pledge for the assets financed by the loan;
- conventional real estate mortgage and/or pledge established by the Beneficiaries and/or by third-party guarantors;
- statutory pledge over credit balance of all accounts opened by the Beneficiary of the Programme with the Bank.
- all-risks insurance for all immovable/movable assets that can be insured approved for securing the loan;
- other securities accepted by the Bank.

Repayment of the loan: the loan installments can be repaid monthly/quarterly/half-yearly, depending on the specifics of each Client’s activity.

Interest: ROBOR 3M + 2p.p. Interest subsidised 100% from the budget of the Ministry of Public Finance until 31 December 2020.

Interest subsidised 100% from the budget of the Ministry of Public Finance until 31 December 2020

No fees charged by the Bank

Option to use the Internet Banking and Mobile Banking services for viewing the loan status (balance, instalments, maturity date), but also the current operations (payments, deposits)

Intended use of the loan: financing current activities - meeting the current working capital requirements.

The drawings from the loan may not be used for:
- refinancing other on-going loans of the Programme Beneficiary;
- implementing projects financed from State aids/European funds.

If the Beneficiary of the loan granted for financing the working capital records outstanding tax obligations and other obligations to the budget managed by the central tax body, the first use of the financing granted will directed to pay these obligations.

Loan value:
Maximum - Lei 500,000 for microenterprises;
Maximum - Lei 1,000,000 for small enterprises;
Maximum - Lei 5,000,000 for medium-sized enterprises, within the limit of one of the following conditions and which represents the highest value of:
- double the amount representing salary expenses, including mandatory social contributions due by the employer related to income from salaries and similar income, recorded at the level of 2019. In case of companies incorporated after 1st of January 2019, the maximum amount of the loan may not exceed the amount estimated for the first 2 years of activity;
or
- 25% of the Beneficiary’s net turnover in 2019, namely the gross income or annual income standard for self-employed individuals, as the case may be, according to the Single Tax and Social Contributions Return of natural persons filed with the competent tax authorities for 2019;
or
- a value resulting from its cash needs; these may include both working capital costs and investment costs, provided that the Beneficiary submits supporting documents, in which case the loan amount may not exceed the cash needs at the time of granting of the loan for the next 18 months

Loan term: maximum 36 months, with the possibility of extending the validity of the line for maximum 36 months, provided that, during the last 12 months of the extension, the loan is repaid in monthly or quarterly instalments based on a repayment schedule

Securities:
- guarantee issued by FNGCIMM - maximum 80% FNGCIMM guarantee for medium-sized enterprises and maximum 90% FNGCIMM guarantee for microenterprises (including self-employed individuals, sole proprietorships, family businesses, cooperatives) and small enterprises of the financing amount, exclusive of bank interests, fees and charges related to the secured loan;
- conventional real estate mortgage and/or pledge established by the Beneficiaries and/or by third-party guarantors;
- statutory pledge over credit balance of all accounts opened by the Beneficiary of the Programme with the Bank;
- legal pledge over all present or future movable or immovable assets intended for the Beneficiary’s activity, including the goodwill and inventories.
- all-risks insurance for all immovable/movable assets that can be insured approved for securing the loan;
- other securities accepted by the Bank.

Repayment of the loan: possibility of permanent repayment, for the entire validity period of the approved credit line.

Interest: ROBOR 3M + 2,50 p.p. Interest subsidised 100% from the budget of the Ministry of Public Finance until 31 December 2020.

Interest subsidised 100% from the budget of the Ministry of Public Finance until 31 December 2020

No fees charged by the Bank

Option to use the Internet Banking and Mobile Banking services for viewing the loan status (balance, instalments, maturity date), but also the current operations (payments, deposits)

Intended use of the loan: financing current activities - meeting the current working capital requirements.

The drawings from the loan may not be used for:
- refinancing other on-going loans of the Programme Beneficiary;
- implementing projects financed from State aids/European funds.

If the Beneficiary of the loan granted for financing the working capital records outstanding tax obligations and other obligations to the budget managed by the central tax body, the first use of the financing granted will directed to pay these obligations.

Loan value:
Maximum - Lei 500,000 for microenterprises;
Maximum - Lei 1,000,000 for small enterprises;Maximum - Lei 5,000,000 for medium-sized enterprises, within the limit of one of the following conditions and which represents the highest value of:
- double the amount representing salary expenses, including mandatory social contributions due by the employer related to income from salaries and similar income, recorded at the level of 2019. In case of companies incorporated after 1st of January 2019, the maximum amount of the loan may not exceed the amount estimated for the first 2 years of activity;
or
- 25% of the Beneficiary’s net turnover in 2019, namely the gross income or annual income standard for self-employed individuals, as the case may be, according to the Single Tax and Social Contributions Return of natural persons filed with the competent tax authorities for 2019;
or
- a value resulting from its cash needs; these may include both working capital costs and investment costs, provided that the Beneficiary submits supporting documents, in which case the loan amount may not exceed the cash needs at the time of granting of the loan for the next 18 months.

Loan term: maximum 36 months.

Accepted securities:
- guarantee issued by FNGCIMM - maximum 80% FNGCIMM guarantee for medium-sized enterprises and maximum 90% FNGCIMM guarantee for microenterprises (including self-employed individuals, sole proprietorships, family businesses, cooperatives) and small enterprises of the financing amount, exclusive of bank interests, fees and charges related to the secured loan;
- conventional real estate mortgage and/or pledge established by the Beneficiaries and/or by third-party guarantors;
- statutory pledge over credit balance of all accounts opened by the Beneficiary of the Programme with the Bank;
- legal pledge over all present or future movable or immovable assets intended for the Beneficiary’s activity, including the goodwill and inventories;
- all-risks insurance for all immovable/movable assets that can be insured approved for securing the loan;
- other securities accepted by the Bank.

Repayment of the loan: monthly installments.

Interest: ROBOR 3M + 2,50 p.p. Interest subsidised 100% from the budget of the Ministry of Public Finance until 31 December 2020.